Wednesday, June 26, 2024
HomeCryptocurrencyReactions Trail an Update that Says about 1,166 New XRP Accounts Are...

Reactions Trail an Update that Says about 1,166 New XRP Accounts Are Created Daily

While a potential spike seemed expected in XRP’s price, a monstrous surge in newly created XRP accounts appeared rather unexpected, evidenced by reactions from the XRP community following a revelation by Lewis Jackson, a renowned XRP influencer. 

Per one of his recent tweets, Jackson disclosed that a staggering number of XRP accounts running in millions got resurrected. Specifically, the XRP influencer noted that as of July 25, 2023, the rapidly emerging accounts have already exceeded 3.2 million, averaging a daily rate of about 1,166. 

“As of July 25, 2023, over 3.2 million #XRP accounts have been created,” Jackson remarked.

Read Also: Ripple Attorney Withdraws from XRP Lawsuit. Here’s why

Criticisms And Reactions From The XRP Community 

A quite observant and seemingly unconvinced fellow took to the comments section of Jackson’s tweet to point out that some crypto users could hold XRP and other assets in multiple wallets, which would spike the number of XRP accounts.

Another Twitter user who engaged Jackson’s tweet questioned the source and basis of his tweet, noting that the tweet did not tally with a previous tweet where he previously tabulated a record of over 4.7 million new XRP accounts, calling for more consistency in data representation on the part of Jackson to avoid confusing the XRP community. 

Meanwhile, one of the commenters under Jackson’s tweet seemed to be more concerned about why the XRP price is yet to witness a significant pump despite the teeming number of new accounts.

Read Also: Chad Steingraber Theory On XRP Revisited: Road To $20k and XRP Becoming Reserve Currency

Getting Facts Straight

Data obtained from respectable XRP explorers like XRPScan and XRP Ledger (XRPL) revealed that the total number of XRP accounts was estimated to be 4.72 million. 

<

The spike in XRP accounts indicates an expansion, attributed to the after-effect of Ripple’s court case victory against the U.S. Securities and Exchange Commission (SEC).


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.
RELATED ARTICLES

Latest News & Articles